There is no upper or lower boundary for the momentum indicator. Therefore, it is important for forex traders to look into the history of the momentum line and plot horizontal lines along its boundaries. Once the momentum line reaches these levels,...

The 1% rule is a fundamental risk management principle in Forex trading. It limits the amount of capital a trader risks on any single trade to no more than 1% of their total trading account balance. For example, a trader with a 10,000 account should...

The Bullish Engulfing pattern is a popular candlestick pattern used by traders to identify potential bullish reversals in the financial markets. It consists of two candlesticks, where the first one is smaller and red (bearish), and the second one is...

Forex trading involves various strategies based on timeframes, risk tolerance, and market conditions. Here are the main types:

Algorithmic trading has improved over the years, and there are some clear advantages to using it in your trading strategy:

There are several different types of harmonic chart patterns, including:

Day trading is a strategy where an investor buys and sells securities within the same trading day. The goal of day trading is to make quick profits by taking advantage of small price movements in highly liquid stocks or other securities. Day traders...

Crossover in trading refers to a technical analysis technique that involves the crossing of two moving averages on a price chart. Moving averages are commonly used to smooth out price fluctuations and provide a clearer picture of the underlying...

Despite the strength of the US economy, the dollar/euro currency pair (EUR/USD) is the most traded currency pair in the world, accounting for almost 30% of the entire forex market. According to the 2020 Economic Statistics, the US and European Union,...

Forex volume refers to the total number of currency units traded in the foreign exchange market over a specific period. Unlike stock markets, where volume data is centralized, forex is an over-the-counter (OTC) market with no single exchange, making...